Semi-Absentee Property Management Franchise for Sale in Ottawa Ontario

Business Description

Profitable Property Management Franchise for Sale in Ottawa ON Property Management Franchise for Sale in Ottawa ON Canada. This Franchise business for sale provides turn-key private suites to professionals. These suites are fully equipped and professionally furnished and then rented. Before Covid, the occupancy of suites was almost at 100% but currently sits above 80% occupancy. Tenant leases are five years with one-year terms. The franchisor has a well-designed, SEO-optimized corporate website that attracts new clients both to the tenants as well as new potential tenants. This property management franchise is a semi-absentee business with no employees and can be operated semi-remotely by an owner(s). The franchisor runs effective marketing and advertising campaigns to increase brand awareness.

The current owner has implemented sound processes and strategies during the COVID-19 pandemic and has positioned the business well for future growth. All furniture, fixtures, and equipment are in good working condition. Significant growth opportunities in this business. Financing options are available.

Details

Business ID: OTTA0069
Business Category: Real Estate
Location: Ontario, Eastern Ontario, Ottawa
Financing: Available
Status: New

Financial Information

Asking Price: $ 750,000
Gross Revenue: $ 426,000
SDE: $ 119,000
FF&E (included): $ 388,000
Inventory: On request
EBITDA: $ 119,000
Down payment: On request
Occupancy Cost: On request

Business Presented By
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